1. Assume the average market return over the next 50 years is expected to be 9.5%. If an investor contributes $14 thousand into an investment account today, pays 1.3% of assets under management for various fund and advisor fees, and waits for 50 years, what percentage of his final wealth has he sacrificed in fees? Enter answer in percents.
2. Assume the following information: 1-year interest rate on U.S. dollars = 6% 1-year interest rate on Singapore dollars = 11% Spot rate of Singapore dollar = 0.44 USD/SGD If interest rate parity is in effect, what should be the 1 year forward rate on the SGD?